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Sen. Cornyn Says GOP-Led Congress Will Fight Patent Trolls

Sen. John Cornyn, R-Texas, vowed Thursday to use the Republican Party's recently won congressional majority to push for patent reform measures, including a bill that would curb allegedly abusive patent litigation from patent trolls but failed in last year's Democrat-controlled Senate.

  • Texas Court Nixes $1.3B Malpractice Claim In Chevron Case

    A Texas court on Thursday withdrew its order granting an asphalt company's appeal to reinstate a $1.3 billion malpractice claim against the law firm of late trial attorney John M. O'Quinn and now-appellate court Judge Russell T. Lloyd for allegedly mishandling a pollution suit against Chevron US Inc., finding that it lacked jurisdiction.

  • GE Capital Backs Constellium In $1.4B Wise Pickup

    GE Capital, the financial services arm for conglomerate General Electric, said Thursday it will lend $400 million to help fund aluminum company Constellium N.V.’s $1.4 billion acquisition of Wise Metals Intermediate Holdings LLC, an aluminum can sheet producer for beverage companies.

  • Bharara Seeks Dismissal Of IBM Inside Trading Charges

    Federal prosecutors late Wednesday asked a U.S. district court judge to drop insider trading charges against five men accused of the crime amid a $1.2 billion IBM Corp. acquisition, saying the U.S. cannot now meet the heightened evidentiary standards recently set by the Second Circuit.

  • AG Nom Lynch Promises Independent DOJ In Senate Hearing

    U.S. Attorney General nominee Loretta Lynch on Wednesday sought to set herself apart from contentious current Attorney General Eric Holder, as senators pressed her over her stance on immigration, financial, trade secret and cybersecurity issues, as well as a recent Internal Revenue Service scandal.

  • FDIC Can’t Ease ‘Choke Point’ On Its Own, Industry Says

    The Federal Deposit Insurance Corp. on Wednesday took steps to encourage banks to keep doing business with risky corporate clients to ease concerns over the Justice Department’s “Operation Choke Point,” but other regulators will have to enact similar policies to ease fears, industry representatives said.